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Multinationals Move to U.K. for Tax Reasons (CNBC)

E&Y says at least 20 companies plan to move to Britain in the next year.

Multinational companies are moving their headquarters to the U.K. in response to the nation’s increasingly competitive tax regime, according to a Financial Times story on CNBC. Ernst & Young says at least 20 companies plan to make the move, which it estimates will create about 2,000 well-paid jobs.

The story notes that Aon, Lancashire Holdings, Ensco, Rowan and Delphi Automotive have already moved their global headquarters to Britain.

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